Indian stock markets open on strong note againMay 25th, 2009 - 12:02 pm ICT by IANS
New Delhi, May 25 (IANS) After registering the steepest weekly rally in 17 years, Indian equities resumed trading on a positive note Monday despite some weak global cues even as investors awaited clear policy signals from the new government before taking positions.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened the day at 13,988.10 points, against Friday’s close at 13,887.15, and soon touched a high of 14,008.75 points.
Some 15 minutes into trading, the 30-share index was ruling at 13,924.31 points, with a gain of 37.16 points, or 0.27 percent, over the previous close.
At the National Stock Exchange (NSE), the broader S&P CNX Nifty was ruling at 4,239.95 points, with a gain of 0.33 percent over the previous close at 4,238.50 points, data available with the bourse showed.
Last week, the Sensex broke several records, moving up by over 14 percent to register the steepest weekly gain in 17 years.
The markets also gave a resounding welcome to the new Congress-led coalition government forcing the suspension of trading for the day last Monday after indices hit upper circuit filters twice within seconds.
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